MCY Stock Recent News

MCY LATEST HEADLINES

MCY Stock News Image - seekingalpha.com

Despite a sharp stock drop from the January 2025 wildfires, the market overreacted; actual losses are manageable, and a significant upside remains. Regulatory reforms and rate increases approved by the California Department of Insurance will enhance MCY's profitability and market share. The potential monetization of subrogation claims could meaningfully reduce net wildfire losses and unlock non-dilutive value.

seekingalpha.com 2025 Apr 01
MCY Stock News Image - prnewswire.com

Mercury's New Umbrella Insurance Better Protects Georgians' Personal Wealth Against Bodily Injury Claims LOS ANGELES , March 31, 2025 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Georgians' personal financial health at risk. In fact, bodily injury payouts continue to climb year over year since the pandemic started, with the average amount for a liability claim increasing by 35%, according to Mercury Insurance (NYSE: MCY).

prnewswire.com 2025 Mar 31
MCY Stock News Image - prnewswire.com

14% of U.S. Drivers Do Not Have Auto Insurance LOS ANGELES , March 27, 2025 /PRNewswire/ -- A greater number of Americans are getting behind the wheel without auto insurance, raising costs for all drivers across the country. From 2019 to 2022, the percentage of uninsured motorists grew from 11% to 14% according to the Insurance Research Council, which translates to approximately 1 in 7 drivers in the U.S.  According to Bankrate, the average cost of full coverage car insurance is roughly $205 per month as of November 2024.

prnewswire.com 2025 Mar 27
MCY Stock News Image - zacks.com

Mercury General (MCY) reported earnings 30 days ago. What's next for the stock?

zacks.com 2025 Mar 13
MCY Stock News Image - zacks.com

Investors need to pay close attention to Mercury General (MCY) stock based on the movements in the options market lately.

zacks.com 2025 Feb 24
MCY Stock News Image - zacks.com

MCY's Q4 results reflect improved net premiums and higher average invested assets and cash, partially offset by wider catastrophe losses.

zacks.com 2025 Feb 13
MCY Stock News Image - seekingalpha.com

Mercury General Corporation (NYSE:MCY ) Q4 2024 Earnings Call February 12, 2025 12:00 PM ET Company Participants Gabriel Tirador - Chief Executive Officer Victor Joseph - President and Chief Operating Officer Ted Stalick - Senior Vice President and Chief Financial Officer Chris Graves - Vice President and Chief Investment Officer Jeff Schroeder - Chief Product Officer Conference Call Participants Gregory Peters - Raymond James Guy Baron - Springview Prem Nainani - Aplomado Advisors Ian Holland - Private Investor Dan David - Wolfpack Research Operator Good morning and welcome to the Mercury General Corporation's Fourth Quarter 2024 Conference Call. [Operator Instructions] Please note this event is being recorded.

seekingalpha.com 2025 Feb 12
MCY Stock News Image - zacks.com

Mercury General (MCY) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $1.15 per share a year ago.

zacks.com 2025 Feb 11
MCY Stock News Image - prnewswire.com

LOS ANGELES , Feb. 11, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2024 results: Consolidated Highlights Three Months Ended December 31, Change Twelve Months Ended December 31, Change 2024 2023 $ % 2024 2023 $ % (000's except per-share amounts and ratios) Net premiums earned $  1,352,101 $  1,144,895 $   207,206 18.1 % $  5,075,456 $  4,274,378 $  801,078 18.7 % Net premiums written (1) $  1,314,933 $  1,132,150 $   182,783 16.1 % $  5,378,310 $  4,464,199 $  914,111 20.5 % Net realized investment (losses) gains, net of tax (2) $      (52,823) $     127,810 $  (180,633) (141.3) % $       70,050 $       79,801 $     (9,751) (12.2) % Net income $     101,068 $     191,394 $    (90,326) (47.2) % $     467,953 $       96,336 $  371,617 385.8 % Net income per diluted share $           1.82 $           3.46 $        (1.64) (47.4) % $           8.45 $ 

prnewswire.com 2025 Feb 11
MCY Stock News Image - zacks.com

Risks related to geographical concentration, negative analysts' sentiment, and a probable decline in the bottom line keep us doubtful on MCY stock.

zacks.com 2025 Feb 10
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